City of Vernal Awards Financial Services Contract to Permanent Community Impact Fund Board (January 2026)

Scope & details

The full contract record, as filed.

Contract amount

$1,700,000 grant and $1,700,000 loan ($3.4 million project)

Contract type

FINANCIAL_SERVICES

Contract term

Loan matures in 10 years, payments due February 1, 2028–2037, 0.5% interest

Renewal date

2037-02-01

Renewal

10-year low-interest loan, with payment schedule and provisions for early payoff. Renewal not applicable; loan matures in 10 years.

Document type

AgendaPacket

Source document

Vernal City Council Meeting Agenda Packet January 21, 2026

Related contracts

Other contracts from Permanent Community Impact Fund Board.

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Vernal City Council Agenda January 2026

AWARDED

City of Vernal, Utah$1,700,000 grant and $1,700,000 loan (total $3,400,000)Jan 21, 2026

city-of-monticello-public-notice-2025-07-22_61b.pdf

pending

City of Monticello, Utah$258,000Jul 22, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Vernal?

Permanent Community Impact Fund Board was awarded this financial services contract by City of Vernal, as recorded on January 21, 2026. The contract value is $1,700,000 grant and $1,700,000 loan ($3.4 million project).

How much is the Permanent Community Impact Fund Board contract with City of Vernal worth?

The Permanent Community Impact Fund Board contract with City of Vernal is valued at $1,700,000 grant and $1,700,000 loan ($3.4 million project), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Vernal City Council Meeting Agenda Packet January 21, 2026 (AgendaPacket), dated January 21, 2026 from City of Vernal. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Permanent Community Impact Fund Board hold?

Permanent Community Impact Fund Board may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Permanent Community Impact Fund Board's profile

What is City of Vernal currently buying?

Explore City of Vernal's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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